To
The Members of
SAB INDUSTRIES LIMITED
Report on the Audit of the Standalone Financial Statements
1. Opinion
We have audited the accompanying standalone nancial statements of SAB INDUSTRIES
LIMITED (“the Company”), which comprise the Balance Sheet as at 31st March 2023,
and the statement of Pro t and Loss including Other Comprehensive Income, the Cash Flow
Statement and the Statement of Changes in Equity for the year then ended, and a summary of
signi cant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations
given to us, the aforesaid standalone nancial statements give the information required by
the Companies Act, 2013 (“the Act”) in the manner so required and give a true
and fair view in conformity with the Indian Accounting Standards prescribed under section
133 of the Actread with the Companies (Indian Accounting Standards) Rules, 2015, as
amended, (“Ind AS”)and other accounting principles generally accepted in India,
of the state of a airs of the Company as at 31 March 2023, and its Pro t, total
comprehensive Pro t, its cash ows and the changes in equity for the year ended on that
date.
2. Basis for Opinion
We conducted our audit of the standalone nancial statements in accordance with the
Standards on Auditing speci ed under section 143(10) of the Act (SAs). Our
responsibilities under those Standards are further described in the Auditors
Responsibility for the Audit of the Standalone Financial Statements section of our report.
We are independent of the Company in accordance with the Code of Ethics issued by the
Institute of Chartered Accountants of India (ICAI) together with the ethical requirements
that are relevant to our audit of the standalone nancial statements under the provisions
of the Act and the Rules made there-under, and we have ful lled our other ethical
responsibilities in accordance with these requirements and the ICAIs Code of Ethics. We
believe that the audit evidence obtained by us is su cient and appropriate to provide a
basis for our audit opinion on the standalone nancial statements.
3. Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most
signi cance in our audit of the standalone nancial statements of the current period. These
matters were addressed in the context of our audit of the standalone nancial statements as
a whole, and in forming our opinion thereon, and we do not provide a separate opinion on
these matters. we have determined that there are no key audit matters to be communicated
in our report.
4. Information Other than the Financial Statements and Auditors Report Thereon
The Companys Board of Directors is responsible for the other information. The other
information comprises the information included in the Annual Report, but does not include
the standalone nancial statements and our auditors report thereon.
Our opinion on the standalone nancial statements does not cover the other information
and we do not express any form of assurance conclusion thereon.
In connection with our audit of the standalone nancial statements, our responsibility
is to read the other information and, in doing so, consider whether the other information
is materially inconsistent with the standalone nancial statements or our knowledge
obtained during the course of our audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have
nothing to report in this regard.
5. Managements Responsibility for the Standalone Financial Statements
The Companys Board of Directors is responsible for the matters stated in section
134(5) of the Act with respect to the preparation of these standalone nancial statements
that give a true and fair view of the nancial position, nancial performance including
other comprehensive income, cash ows and changes in equity of the Company in accordance
with the Ind AS and other accounting principles generally accepted in India. This
responsibility also includes maintenance of adequate accounting records in accordance with
the provisions of the Act for safeguarding the assets of the Company and for preventing
and detecting frauds and other irregularities; selection and application of appropriate
accounting policies; making judgments and estimates that are reasonable and prudent; and
design, implementation and maintenance of adequate internal nancial controls, that were
operating e ectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the standalone nancial statement that give
a true and fair view and are free from material misstatement, whether due to fraud or
error.
In preparing the standalone nancial statements, management is responsible for assessing
the Companys ability to continue as a going concern, disclosing, as applicable, matters
related to going concern and using the going concern basis of accounting unless management
either intends to liquidate the Company or to cease operations, or has no realistic
alternative but to do so.
Those Board of Directors are also responsible for overseeing the Companys nancial
reporting process.
6. Auditors Responsibility for the Audit of the Standalone Financial Statements
Our objectives are to obtain reasonable assurance about whether the standalone nancial
statements as a whole are free from material misstatement, whether due to fraud or error,
and to issue an auditors report that includes our opinion. Reasonable assurance is a high
level of assurance, but is not a guarantee that an audit conducted in accordance with SAs
will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they
could reasonably be expected to in uence the economic decisions of users taken on the
basis of these standalone nancial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and
maintain professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the standalone nancial
statements, whether due to fraud or error, design and perform audit procedures responsive
to those risks, and obtain audit evidence that is su cient and appropriate to provide a
basis for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal nancial control relevant to the audit in order to
design audit procedures that are appropriate in the circumstances. Under section 143(3)(i)
of the Act, we are also responsible for expressing our opinion on whether the Company has
adequate internal nancial controls system in place and the operating e ectiveness of such
controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by the management.
Conclude on the appropriateness of managements use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast signi cant doubt on the Companys
ability to continue as a going concern. If we conclude that a material uncertainty exists,
we are required to draw attention in our auditors report to the related disclosures in
the standalone nancial statements or, if such disclosures are inadequate, to modify our
opinion. Our conclusions are based on the audit evidence obtained up to the date of our
auditors report. However, future events or conditions may cause the Company to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone nancial
statements, including the disclosures, and whether the standalone nancial statements
represent the underlying transactions and events in a manner that achieves fair
presentation.
Materiality is the magnitude of misstatements in the standalone nancial statements
that, individually or in aggregate, makes it probable that the economic decisions of a
reasonably knowledgeable user of the standalone nancial statements may be in uenced. We
consider quantitative materiality and qualitative factors in (i) planning the scope of our
audit work and in evaluating the results of our work; and (ii) to evaluate the e ect of
any identi ed misstatements in the standalone nancial statements.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and signi cant audit ndings, including any signi
cant de ciencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied
with relevant ethical requirements regarding independence, and to communicate with them
all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those
matters that were of most signi cance in the audit of the standalone nancial statements of
the current period and are therefore the key audit matters. We describe these matters in
our auditors report unless law or regulation precludes public disclosure about the matter
or when, in extremely rare circumstances, we determine that a matter should not be
communicated in our report because the adverse consequences of doing so would reasonably
be expected to outweigh the public interest bene ts of such communication.
7. Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditors Report) Order, 2020 (“the Order”)
issued by the Central Government in terms of Section 143(11) of the Act, we give in
“Annexure A” a statement on the matters speci ed in paragraphs 3 and 4 of the
Order.
2. As required by Section 143(3) of the Act, based on our audit we report that:
a) We have sought and obtained all the information and explanations which to the best
of our knowledge and belief were necessary for the purposes of our audit.
b) In our opinion, proper books of account as required by law have been kept by the
Company so far as it appears from our examination of those books.
c) The Balance Sheet, the statement of Pro t and Loss including Other Comprehensive
Income, the Cash Flow Statement and Statement of Changes in Equity dealt with by this
Report are in agreement with the relevant books of account.
d) In our opinion, the aforesaid standalone nancial statements comply with the Ind AS
speci ed under Section 133 of the Act.
e) On the basis of the written representations received from the directors as on 31st
March, 2023 taken on record by the Board of Directors, none of the directors is disquali
ed as on 31stMarch, 2023 from being appointed as a director in terms of Section 164(2) of
the Act.
f) With respect to the adequacy of the internal nancial controls over nancial reporting
of the Company and the operating e ectiveness of such controls, refer to our separate
Report in “Annexure B”. Our report expresses an unmodi ed opinion on the
adequacy and operating e ectiveness of the Companys internal nancial controls over
nancial reporting.
g) With respect to the other matters to be included in the
Auditors Report in accordance with the requirements of section 197(16) of the Act, as
amended,
In our opinion and to the best of our information and according to the explanations
given to us, the remuneration paid by the Company to its directors during the year is in
accordance with the provisions of section 197 of the Act.
h) With respect to the other matters to be included in the Auditors Report in
accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended in
our opinion and to the best of our information and according to the explanations given to
us:
i. The Company does not have any pending litigations which would impact its nancial
position.
ii. The Company did not have any long-term contracts including derivative contracts for
which there were any material foreseeable losses.
iii. There has been no delay in transferring amounts, required to be transferred, to
the Investor Education and Protection Fund by the Company
iv. (a) The Management has represented that, to the best of its knowledge and belief,
no funds (which are material either individually or in the aggregate) have been advanced
or loaned or invested (either from borrowed funds or share premium or any other sources or
kind of funds) by the Company to or in any other person or entity, including foreign
entity (“Intermediaries”), with the understanding, whether recorded in writing
or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest
in other persons or entities identi ed in any manner whatsoever by or on behalf of the
Company (“Ultimate Bene ciaries”) or provide any guarantee, security or the like
on behalf of the Ultimate Bene ciaries;
(b) The Management has represented, that, to the best of its knowledge and belief, no
funds (which are material either individually or in the aggregate) have been received by
the Company from any person or entity, including foreign entity (“Funding
Parties”), with the understanding, whether recorded in writing or otherwise, that the
Company shall, whether, directly or indirectly, lend or invest in other persons or
entities identi ed in any manner whatsoever by or on behalf of the Funding Party
(“Ultimate Bene ciaries”) or provide any guarantee, security or the like on
behalf of the Ultimate Bene ciaries;
(c) Based on the audit procedures that we have considered reasonable and appropriate in
the circumstances, nothing has come to our notice that has caused us to believe that the
representations as provided under (a) and (b) above, contain any material misstatement.
v. The Company has not declared/paid any dividend during the year
vi. Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books
of account using accounting software which has a feature of recording audit trail (edit
log) facility is applicable to the Company with e ect from April 1, 2023, and accordingly,
reporting under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 is not applicable
for the nancial year ended March 31, 2023.
For S.C. Dewan & Co.
Chartered Accountants Firms Registration No.: 000934N
|
|
per |
S.C. Dewan |
|
|
|
Partner |
| Place |
: Chandigarh |
Membership No.: |
015678 |
| Date: 30.05.2023 |
UDIN:23015678BGYBFT9632 |
ANNEXURE A TO INDEPENDENT AUDITORS REPORT REFERRED TO IN PARAGRAPH 7 OUR REPORT OF
EVEN DATE
Based on the audit procedures performed for the purpose of reporting a true and fair
view on the Standalone nancial statements of the Company and taking into consideration the
information and explanations given to us and the books of account and other records
examined by us in the normal course of audit, we report that:
i) a) A) The company has maintained proper records showing full particulars, including
quantitative details and situation of property, plant and equipment.
B) The company has no intangible assets hence the clause is not applicable.
b) All property, plant and equipment have not been physically veri ed by the management
during the year but there is a regular programme of veri cation which, in our opinion, is
reasonable having regard to the size of the Company and the nature of its assets. No
material discrepancies were noticed on such veri cation.
c) According to the information and explanations given to us and on the basis of our
examination of the records of the Company, the title deeds of immovable properties (other
than immovable properties where the Company is the lessee and the lease agreements are
duly executed in favour of the lessee) disclosed in the standalone nancial statements are
held in the name of the Company.
d) The company has not revalued its property, plant and equipment (including right of
use assets) or intangible assets or both during the year.
e) According to the information and explanations given to us and on the basis of our
examination of the records of the Company, there are no proceedings initiated or pending
against the Company for holding any benami property under the Prohibition of Benami
Property Transactions Act, 1988 and rules made thereunder.
ii) a) The inventories were physically veri ed by the management during the year at
reasonable intervals. In our opinion and according to the information and explanations
given to us, the coverage and procedure of such veri cation by the management is
appropriate having regard to the size of the company and the nature of its operations. No
discrepancies of 10% or more in aggregate of each class of inventories were noticed on
such physical veri cation of inventories when compared with the books of accounts.
b) The company has not been sanctioned any working capital limit from banks or nancial
institutions on the basis of security of current assets at any point of time during the
year hence reporting under clause 3(ii)(b) of the Order is not applicable.
iii) During the year, the company has not made investments, provided any guarantee or
security or granted any loans or advances in the nature of loans, secured or unsecured to
companies, rms, limited liability partnerships or any other parties hence clause 3(iii)(a)
to 3(iii) (f) is not applicable to the company.
iv) In our opinion and according to the information and explanations given to us, the
Company has not either directly or indirectly, granted any loan to any of its directors or
to any other person in whom the director is interested, in accordance with the provisions
of section 185 of the Act and the Company has not made investments through more than two
layers of investment companies in accordance with the provisions of section 186 of the
Act. Accordingly, provisions stated in paragraph 3(iv) of the Order are not applicable to
the Company.
v) In our opinion and according to the information and explanations given to us, the
Company has not accepted any deposits from the public within the meaning of Sections 73,
74, 75 and 76 of the Act and the rules framed there under.
TO IN PARAGRAPH 7 OUR REPORT OF EVEN DATE
vi) To the best of our knowledge and as explained, the Central Government has not speci
ed the maintenance of cost records under Section 148(1) of the Companies Act, 2013, for
the products/services of the Company.
vii) a) According to the information and explanations given to us and the records of
the Company examined by us, in our opinion, undisputed statutory dues including goods and
service tax, provident fund, employees state insurance, income-tax, sales-tax, service
tax, duty of customs, duty of excise, value added tax, cess have been regularly deposited
by the company with appropriate authorities in all cases during the year.
b) According to the information and explanation given to us and the records of the
Company examined by us, there are no dues of goods and service tax, income tax, customs
duty, cess and any other statutory dues which have not been deposited on account of any
dispute.
viii) According to the information and explanations given to us, there are no
transactions which are not accounted in the books of account which have been surrendered
or disclosed as income during the year in Tax Assessment of the Company. Also, there are
no previously unrecorded income which has been now recorded in the books of account.
Hence, the provision stated in paragraph 3(viii) of the Order is not applicable to the
Company.
ix) a) In our opinion and according to the information and explanations given to us,
the Company has not defaulted in repayment of loans or borrowings or in payment of
interest thereon to any lender.
b) According to the information and explanations given to us and on the basis of our
audit procedures, we report that the company has not been declared wilful defaulter by any
bank or nancial institution or government or any government authority.
c) In our opinion and according to the information explanation provided to us, money
raised by way of term loans during the year have been applied for the purpose for which
they were raised.
d) According to the information and explanations given to us and on an overall
examination of the balance sheet of the Company, we report that no funds have been raised
on short-term basis by the Company. Accordingly, clause 3(ix)(d) of the Order is not
applicable.
e) According to the information explanation given to us and on an overall examination
of the standalone nancial statements of the Company, we report that the company has not
taken any funds from an any entity or person on account of or to meet the obligations of
its subsidiaries, associates or joint ventures.
f) According to the information and explanations given to us and procedures performed
by us, we report that the Company has not raised loans during the year on the pledge of
securities held in its securities, joint ventures or associate companies.
x) a) The Company did not raise any money by way of initial public o er or further
public o er (including debt instruments) during the year. Accordingly, the provisions
stated in paragraph 3 (x)(a) of the Order are not applicable to the Company.
b) According to the information and explanations given to us and on the basis of our
examination of the records of the company, the Company has not made any preferential
allotment or private placement of shares or convertible debentures (fully, partially or
optionally convertible) during the year hence the clause 3(x)(b) of the Order is not
applicable.
xi) a) During the course of our audit, examination of the books and records of the
Company, carried out in accordance with the generally accepted auditing practices in
India, and according to the information and explanations given to us, we have neither come
across any instance of fraud by the Company nor on the Company.
b) We have not come across of any instance of fraud by the Company or on the Company
during the course of audit of the standalone nancial statement for the year ended March
31, 2023, accordingly the provisions stated in paragraph (xi)(b) of the Order is not
applicable to the Company.
c) As represented to us by the management, there are no whistle-blower complaints
received by the Company during the year. Accordingly, the provisions stated in paragraph
(xi)(c) of the Order is not applicable to company.
xii) In our opinion and according to the information and explanations given to us, the
Company is not a Nidhi Company. Accordingly, the provisions stated in paragraph 3(xii) (a)
to (c) of the Order are not applicable to the Company.
xiii) According to the information and explanations given to us and based on our
examination of the records of the Company, transactions with the related parties are in
compliance with sections 177 and 188 of the Act where applicable and details of such
transactions have been disclosed in the standalone nancial statements as required by the
applicable Indian accounting standards.
xiv) a) In our opinion and based on our examination, the company has an internal audit
system commensurate with the size and nature of its business.
b) We have considered the internal audit report of the company issued till date for the
period under audit.
xv) According to the information and explanations given to us, in our opinion during
the year the Company has not entered into non-cash transactions with directors or persons
connected with its directors and hence, provisions of section 192 of the Act are not
applicable to company. Accordingly, the provisions stated in paragraph 3(xv) of the Order
are not applicable to the Company.
xvi) a) According to the information and explanations given to us, the provisions of
section 45-IA of the Reserve Bank of India Act, 1934 are not applicable to the Company.
b) The Company is not engaged in any Non-Banking Financial or Housing Finance
activities. Accordingly, the requirement to report on clause 3 (xvi)(b) of the Order is
not applicable to the Company.
c) The Company is not a Core Investment Company (CIC) as de ned in the regulations made
by the Reserve Bank of India. Accordingly, clause 3(xvi)(c) of the Order is not
applicable.
d) According to the information and explanations provided to us during the course of
audit, the Group does not have any
CIC. Accordingly, the requirements of clause 3(xvi)(d) are not applicable.
xvii) Based on the overall review of standalone nancial statements, the Company has
incurred cash Pro t in the current nancial year and there were cash losses in the
immediately preceding nancial year. The details of the same are as follows:
(Amt. in Lakh)
| Particulars |
March 31, 2023 |
March 31, 2022 |
|
(Current year) |
(Previous Year) |
| Cash ( Losses ) / Pro t |
831.59 |
( 265.97 ) |
xviii) There has been no resignation of the statutory auditors during the year and
accordingly, requirement to report on Clause 3(xviii) of the Order is not applicable to
the Company.
xix) According to the information and explanations given to us and on the basis of the
nancial ratios, ageing and expected dates of realisation of nancial assets and payment of
nancial liabilities, other information accompanying the nancial statements, our knowledge
of the Board of Directors and management plans and based on our examination of the
evidence supporting the assumptions, nothing has come to our attention, which causes us to
believe that any material uncertainty exists as on the date of the audit report that the
Company is not capable of meeting its liabilities existing at the date of balance sheet as
and when they fall due within a period of one year from the balance sheet date. We,
however, state that this is not an assurance as to the future viability of the Company. We
further state that our reporting is based on the facts up to the date of the audit report
and we neither give any guarantee nor any assurance that all liabilities falling due
within a period of one year from the balance sheet date, will get discharged by the
Company as and when they fall due.
xx) According to the information and explanations given to us, the provisions of
section 135 of the Act are not applicable to the Company. Hence, the provisions of
paragraph (xx)(a) to (b) of the Order are not applicable to the Company.
xxi) The reporting under clause 3(xxi) of the Order is not applicable in respect of
audit of standalone nancial statements. Accordingly, no comment in respect of the said
clause has been included in the report.
For S.C. Dewan & Co.
Chartered Accountants
Firms Registration No.: 000934N
|
|
per |
S.C. Dewan |
|
|
|
Partner |
| Place |
: Chandigarh |
Membership No.: |
015678 |
| Date: 30.05.2023 |
UDIN:23015678BGYBFT9632 |
ANNEXURE B TO THE INDEPENDENT AUDITORS REPORT REFERRED TO IN PARAGRAPH 8 OUR REPORT OF
EVEN DATE
Referred to in paragraph 7of our Report of even date Report on the Internal Financial
Controls under Clause (i) of sub-section 3 of Section 143 of the Act
1. We have audited the internal nancial controls over nancial reporting of SAB
INDUSTRIES LIMITED (“the Company”) as of March 31, 2023 in conjunction with our
audit of the Standalone nancial statements of the Company for the year ended on that date.
Managements Responsibility for Internal Financial Controls
2. The Companys management is responsible for establishing and maintaining internal
nancial controls based on the internal control over nancial reporting criteria established
by the Company considering the essential components of internal control stated in the
Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by
the Institute of Chartered Accountants of India (ICAI). These responsibilities include the
design, implementation and maintenance of adequate internal nancial controls that were
operating e ectively for ensuring the orderly and e cient conduct of its business,
including adherence to companys policies, the safeguarding of its assets, the prevention
and detection of frauds and errors, the accuracy and completeness of the accounting
records, and the timely preparation of reliable nancial information, as required under the
act.
Auditors Responsibility
3. Our responsibility is to express an opinion on the companys internal nancial
control over nancial reporting based on our audit. We conducted our audit in accordance
with the Guidance Note on audit of internal nancial control over nancial reporting(the
“Guidance Notes”) and the standards on auditing deemed to be prescribed under
section 143(10) of the act to the extent applicable to an audit of internal nancial
controls, both applicable to an audit of internal nancial controls and both issued by the
ICAI. Those standards and the guidance notes require that we comply with ethical
requirements and planned and performed the audit to obtain reasonable assurance about
whether adequate internal nancial control over nancial reporting was established and
maintained and if such controls operated e ectively in all material respects.
4. Our audit involves performing procedures to obtain audit evidence about the adequacy
of the internal nancial controls system over nancial reporting and their operating e
ectiveness. Our audit of internal nancial controls system over nancial reporting included
obtaining an understanding of internal nancial controls system over nancial reporting,
assessing the risks that material weakness exists, and testing and evaluating the design
and operating e ectiveness of the internal control based on the assessed risk. The
procedures selected depend on the auditors judgement, including the assessment of the
risks of material misstatements of the nancial statements, whether due to fraud or error.
5. We believe that the audit evidence we have obtained in our audits is su cient and
appropriate to provide a basis for our audit opinion on the companys internal nancial
controls system over nancial reporting.
Meaning of Internal nancial controls over nancial reporting
6. A companys internal nancial controls over nancial reporting is a process designed
to provide reasonable assurance regarding the reliability of nancial reporting and the
preparation of Standalone nancial statements for external purposes in accordance with
generally accepted accounting principles. A companys internal nancial controls over
nancial reporting includes those policies and procedures that (1.) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly re ect the
transactions and dispositions of the assets of the company (2.) provide reasonable
assurance that transactions are recorded as necessary to permit preparation of Standalone
nancial statements in accordance with generally accepted accounting principles, and that
receipts and expenditure of the company are being made only in accordance with
authorization of management and directors of the company ; and (3.) provide reasonable
assurance regarding prevention or timely detection of unauthorized acquisition, use, or
disposition of the companys assets that could have a material e ect on the nancial
statements.
Inherent Limitation of Internal nancial controls over nancial reporting
7. Because of the Inherent limitation of internal nancial controls over nancial
reporting, including the possibility of collusion or improper management over-ride of
controls, material misstatements due to error or fraud may occur and not be detected.
Also, projection of any evaluations of the internal nancial controls over nancial
reporting to future periods are subject to the risk that the internal nancial controls
over nancial reporting may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.
Opinion
8. In our opinion, the company has, in all material respects, an adequate internal
nancial controls over nancial reporting and such internal nancial controls over nancial
reporting were operating e ectively as at March 31st, 2023 based on the internal nancial
controls over nancial reporting criteria established by the company considering the
essential components of internal control stated in the guidance note on audit of internal
nancial controls over nancial reporting issued by the Institute of Chartered Accountants
of India.
For S.C. Dewan & Co.
Chartered Accountants
Firms Registration No.: 000934N
|
|
per |
S.C. Dewan |
|
|
|
Partner |
| Place |
: Chandigarh |
Membership No.: |
015678 |
| Date: 30.05.2023 |
UDIN:23015678BGYBFT9632 |
+91-9892691696
